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106 results for “penalty u/s 271”+ Section 2(47)clear

Sorted by relevance

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Key Topics

Section 143(3)93Section 271(1)(c)78Addition to Income45Penalty44Section 27442Section 115J37Section 92C33Section 25026Section 148

JAIN INFRA PROJECTS LTD.(SINCE TAKEN OVER BANGAL CONSTRUCTION CO.),KOLKATA vs. ACIT, CC-IV, KOLKATA, KOLKATA

In the result the appeals of the assessee are allowed and appeals of the revenue are dismissed

ITA 1234/KOL/2011[2006-07]Status: DisposedITAT Kolkata23 Mar 2016AY 2006-07

Bench: : Shri N.V.Vasudevan & Shri M. Balaganesh

For Appellant: Shri Amit Kumar, ACA, ld.ARFor Respondent: Shri Rajat Kumar Kureel, JCIT, ld.Sr.DR
Section 132(1)Section 132(4)Section 153ASection 271(1)

2,14,24,950/- for section 153A proceedings also. The assessee also filed another submission that it had shown bogus purchase of machinery of Rs. 1,08,16,000/- in Financial Year 2005-06 and claimed bogus depreciation of Rs. 8,11,200/- and claimed bogus machinery hire charges payable of Rs. 11,46,700/- in Financial Year

Showing 1–20 of 106 · Page 1 of 6

25
Section 132(4)25
Deduction20
Disallowance19

SRI SURYA PRAKASH BAGLA,KOLKATA vs. DCIT, CEN. CIR-VII, KOLKATA, KOLKATA

In the result, the appeal of the assessee is allowed

ITA 398/KOL/2014[2010-2011]Status: DisposedITAT Kolkata13 Dec 2017AY 2010-2011

Bench: Hon’Ble Shri M.Balaganesh, Am & Shri S.S.Viswanethra Ravi, Jm] I.T.A No. 398/Kol/2014 Assessment Year : 2010-11 Shri Surya Prakash Bagla -Vs- Dcit, Central Circle-Vii, Kolkata [Pan: Aebpb 4558 F] (Appellant) (Respondent)

For Appellant: Shri J.P. Khaitan, Sr. AdvocateFor Respondent: Shri A.K. Tiwari, CIT
Section 132Section 139(1)Section 139(5)Section 143(3)Section 271(1)Section 271(1)(c)Section 44ASection 80D

section 271(1)(c) of the Income Tax Act, 1961 (in short “the Act”) dated 02.07.2013 for the Assessment Year 2010-11. 2. The only issue to be decided in this appeal is as to whether the ld CITA was justified in upholding the levy of penalty u/s 271(1)(c ) of the Act in the facts and circumstances

HARISH KUMAR SARAWGI,KOLKATA vs. DCIT, CENTRAL CIRCLE - XI, KOLKATA, KOLKATA

In the result, the appeals of the assessee are allowed and appeals of the revenue are dismissed

ITA 1222/KOL/2011[2003-04]Status: DisposedITAT Kolkata26 Aug 2016AY 2003-04

Bench: Shri N. V. Vasudevan, Jm & Shri M. Balaganesh, Am] I.T.A Nos. 1222 To 1226/Kol/2011 Assessment Years: 2003-04 To 2007-08

For Appellant: Shri D. S. Damle, FCAFor Respondent: Shri Sallong Yaden, Addl. CIT
Section 132Section 132(4)Section 139(1)Section 153ASection 271(1)Section 271(1)(c)Section 271A

47, Dobson Road, Howrah on 24.1.2008. In the course of search, the assessee was found to be in possession of undisclosed income and accordingly the assessee gave disclosure statement u/s 132(4) of the Act offering substantial income as below:- Assessment Year Disclosure amount

DCIT, CENTRAL CIRCLE - XI, KOLKATA, KOLKATA vs. SHRI HARISH KUMAR SARAWGI, KOLKATA

In the result, the appeals of the assessee are allowed and appeals of the revenue are dismissed

ITA 1496/KOL/2011[2004-05]Status: DisposedITAT Kolkata26 Aug 2016AY 2004-05

Bench: Shri N. V. Vasudevan, Jm & Shri M. Balaganesh, Am] I.T.A Nos. 1222 To 1226/Kol/2011 Assessment Years: 2003-04 To 2007-08

For Appellant: Shri D. S. Damle, FCAFor Respondent: Shri Sallong Yaden, Addl. CIT
Section 132Section 132(4)Section 139(1)Section 153ASection 271(1)Section 271(1)(c)Section 271A

47, Dobson Road, Howrah on 24.1.2008. In the course of search, the assessee was found to be in possession of undisclosed income and accordingly the assessee gave disclosure statement u/s 132(4) of the Act offering substantial income as below:- Assessment Year Disclosure amount

ACIT, CC-IV, KOLKATA, KOLKATA vs. MANOJ KR. JAIN & SONS (HUF), KOLKATA

In the result appeals of the Assessee are allowed while the appeals by the revenue are dismissed

ITA 1183/KOL/2011[2002-03]Status: DisposedITAT Kolkata06 Apr 2016AY 2002-03

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri M.Balaganesh, Am ]

For Respondent: Shri Rajat Kumar Kureel, JCIT, Sr.DR
Section 132Section 132(4)Section 139Section 153ASection 153CSection 271(1)(c)

47,500/- 2005-06 84,630/- 24,50,000/- NIL 25,34,630/- 2006-07 95,220/- 5,00,000/- NIL 5,95,220/- 2007-08 1,04,940/- 3,93,00,000/- NIL 3,94,04,940/- 2008-09 4,00,00,000/- N.A. 51,50,000/- 4,51,50,000/- 4. Additional incomes disclosed for the Asst.Year

MANOJ KUMAR JAIN & SONS (HUF),KOLKATA vs. ACIT, CC-IV, KOLKATA, KOLKATA

In the result appeals of the Assessee are allowed while the appeals by the revenue are dismissed

ITA 1238/KOL/2011[2002-03]Status: DisposedITAT Kolkata06 Apr 2016AY 2002-03

Bench: Hon’Ble Shri N.V.Vasudevan, Jm & Shri M.Balaganesh, Am ]

For Respondent: Shri Rajat Kumar Kureel, JCIT, Sr.DR
Section 132Section 132(4)Section 139Section 153ASection 153CSection 271(1)(c)

47,500/- 2005-06 84,630/- 24,50,000/- NIL 25,34,630/- 2006-07 95,220/- 5,00,000/- NIL 5,95,220/- 2007-08 1,04,940/- 3,93,00,000/- NIL 3,94,04,940/- 2008-09 4,00,00,000/- N.A. 51,50,000/- 4,51,50,000/- 4. Additional incomes disclosed for the Asst.Year

DCIT, CIRCLE - 7, KOLKATA, KOLKATA vs. VODAFONE ESSAR EAST LIMITED, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 482/KOL/2010[2006-07]Status: DisposedITAT Kolkata15 Dec 2017AY 2006-07

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

47 (Del). Ld. AR requested the Bench to decide the issue on merit. ITA No.356, 343, 357, 377/Kol/2009, 485, 482/Kol/2010, 673/K/11 & 431/K/12 Hutchison Telcom East Ltd. Vs. ACIT/DCIT/Cir/Rng-07Kol. AYs 04-05 to 08-09 Page 16 On the other hand, Ld. DR heavily relied on the order of Authorities Below. 20. We have heard the rival contentions of both

M/S VODAFONE EAST LIMITED (FORMERLY KNOWN AS VODAFONE ESSAR EAST LIMITED),KOLKATA vs. ACIT, CIR-7, KOLKATA, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 431/KOL/2012[2008-2009]Status: DisposedITAT Kolkata15 Dec 2017AY 2008-2009

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

47 (Del). Ld. AR requested the Bench to decide the issue on merit. ITA No.356, 343, 357, 377/Kol/2009, 485, 482/Kol/2010, 673/K/11 & 431/K/12 Hutchison Telcom East Ltd. Vs. ACIT/DCIT/Cir/Rng-07Kol. AYs 04-05 to 08-09 Page 16 On the other hand, Ld. DR heavily relied on the order of Authorities Below. 20. We have heard the rival contentions of both

M/S. VODAFONE ESSAR EAST LIMITED,KOLKATA vs. ACIT, CIRCLE - 7, KOLKATA, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 485/KOL/2010[2006-07]Status: DisposedITAT Kolkata15 Dec 2017AY 2006-07

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

47 (Del). Ld. AR requested the Bench to decide the issue on merit. ITA No.356, 343, 357, 377/Kol/2009, 485, 482/Kol/2010, 673/K/11 & 431/K/12 Hutchison Telcom East Ltd. Vs. ACIT/DCIT/Cir/Rng-07Kol. AYs 04-05 to 08-09 Page 16 On the other hand, Ld. DR heavily relied on the order of Authorities Below. 20. We have heard the rival contentions of both

ACIT, CIRCLE - 7, KOLKATA vs. VODAFONE ESSAR EAST LTD., KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 377/KOL/2009[2005-06]Status: DisposedITAT Kolkata15 Dec 2017AY 2005-06

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

47 (Del). Ld. AR requested the Bench to decide the issue on merit. ITA No.356, 343, 357, 377/Kol/2009, 485, 482/Kol/2010, 673/K/11 & 431/K/12 Hutchison Telcom East Ltd. Vs. ACIT/DCIT/Cir/Rng-07Kol. AYs 04-05 to 08-09 Page 16 On the other hand, Ld. DR heavily relied on the order of Authorities Below. 20. We have heard the rival contentions of both

ACIT, CIRCLE - 7, KOLKATA vs. HUTCHISON TELECOM EAST LIMITED, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 343/KOL/2009[2004-05]Status: DisposedITAT Kolkata15 Dec 2017AY 2004-05

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

47 (Del). Ld. AR requested the Bench to decide the issue on merit. ITA No.356, 343, 357, 377/Kol/2009, 485, 482/Kol/2010, 673/K/11 & 431/K/12 Hutchison Telcom East Ltd. Vs. ACIT/DCIT/Cir/Rng-07Kol. AYs 04-05 to 08-09 Page 16 On the other hand, Ld. DR heavily relied on the order of Authorities Below. 20. We have heard the rival contentions of both

M/S. VODAFONE ESSAR EAST LTD.,KOLKATA vs. ADDL. CIT, RANGE - 7, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 357/KOL/2009[2005-06]Status: DisposedITAT Kolkata15 Dec 2017AY 2005-06

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

47 (Del). Ld. AR requested the Bench to decide the issue on merit. ITA No.356, 343, 357, 377/Kol/2009, 485, 482/Kol/2010, 673/K/11 & 431/K/12 Hutchison Telcom East Ltd. Vs. ACIT/DCIT/Cir/Rng-07Kol. AYs 04-05 to 08-09 Page 16 On the other hand, Ld. DR heavily relied on the order of Authorities Below. 20. We have heard the rival contentions of both

M/S. VODAFONE ESSAR EAST LIMITED,KOLKATA vs. ACIT, CIRCLE - 7, KOLKATA, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 673/KOL/2011[2007-08]Status: DisposedITAT Kolkata15 Dec 2017AY 2007-08

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

47 (Del). Ld. AR requested the Bench to decide the issue on merit. ITA No.356, 343, 357, 377/Kol/2009, 485, 482/Kol/2010, 673/K/11 & 431/K/12 Hutchison Telcom East Ltd. Vs. ACIT/DCIT/Cir/Rng-07Kol. AYs 04-05 to 08-09 Page 16 On the other hand, Ld. DR heavily relied on the order of Authorities Below. 20. We have heard the rival contentions of both

M/S. VODAFONE ESSAR EAST LTD.,KOLKATA vs. JCIT, RANGE - 7, KOLKATA

343/K/2009 04-05 Revenue dismissed

ITA 356/KOL/2009[2004-05]Status: DisposedITAT Kolkata15 Dec 2017AY 2004-05

Bench: Shri Aby.T Varkey & Shri Waseem Ahmed

Section 115Section 115JSection 143(3)Section 80I

47 (Del). Ld. AR requested the Bench to decide the issue on merit. ITA No.356, 343, 357, 377/Kol/2009, 485, 482/Kol/2010, 673/K/11 & 431/K/12 Hutchison Telcom East Ltd. Vs. ACIT/DCIT/Cir/Rng-07Kol. AYs 04-05 to 08-09 Page 16 On the other hand, Ld. DR heavily relied on the order of Authorities Below. 20. We have heard the rival contentions of both

M/S VENKATESWAR MEDICARE PVT. LTD.,ITO, WARD-2(1) vs. ITO, WARD-2(1), KOLKATA

In the result, both the appeals of the assessee are allowed

ITA 1417/KOL/2023[2016-17]Status: DisposedITAT Kolkata29 Jul 2024AY 2016-17

Bench: Shri Rajesh Kumar, Am& Shri Sonjoy Sarma, Jm]

Section 119Section 143(2)Section 144BSection 147Section 148Section 148ASection 68

47,180/- in the e-return filed on 26.09.2012. For selecting the case for scrutiny notice u/s. 143 (2) of the Act was issued by ITO, Ward-9 (4), Kolkata dated 23.09.2013. The Central Board of Direct Taxes (CBDT vide Instruction no. 1/2011 supra) revised the monetary limit for issuing notice by ITO/DCs/ACs. Through this instruction it stated that

M/S VENKATESWAR MEDICARE PVT. LTD.,KOLKATA vs. ITO, WARD 2(1), KOLKATA

In the result, both the appeals of the assessee are allowed

ITA 1416/KOL/2023[2014-15]Status: DisposedITAT Kolkata29 Jul 2024AY 2014-15

Bench: Shri Rajesh Kumar, Am& Shri Sonjoy Sarma, Jm]

Section 119Section 143(2)Section 144BSection 147Section 148Section 148ASection 68

47,180/- in the e-return filed on 26.09.2012. For selecting the case for scrutiny notice u/s. 143 (2) of the Act was issued by ITO, Ward-9 (4), Kolkata dated 23.09.2013. The Central Board of Direct Taxes (CBDT vide Instruction no. 1/2011 supra) revised the monetary limit for issuing notice by ITO/DCs/ACs. Through this instruction it stated that

SAKUNTALA BASU,KOLKATA vs. ITO, WD-29(4), KOLKATA, KOLKATA

In the result, the appeal filed by the assessee, is allowed

ITA 528/KOL/2014[2006-2007]Status: DisposedITAT Kolkata30 Aug 2017AY 2006-2007

Bench: Shri N.V. Vasudevan, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.528/Kol/2014 (िनधा"रणवष" / Assessment Year: 2006-07 Sakuntala Basu Vs. C.I.T– Xvi, Kolkata Ito Ward 29 (4) 29/1/1, Chetla Central Road, Kolkata – 27. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aihpb 8814A (Appellant) .. (Respondent) Appellant By :None Respondent By :Shri Kalyannath, Addl. Cit, Sr. Dr सुनवाईक"तारीख/ Date Of Hearing : 13/07/2017 घोषणाक"तारीख/Date Of Pronouncement : 30/08/2017 आदेश / O R D E R Per Dr. Arjun Lal Saini, Am: The Captioned Appeal Filed By The Assessee, Pertaining To Assessment Year 2006-07, Is Directed Against The Order Passed By The Ld. Commissioner Of Income Tax (Appeals) – Xvi, Kolkata, In Appeal No.17/Cit(A)-Xvi/Wd-29(4)/Kol/12-13 Dated 26.12.2013, Which In Turn Arises Out Of An Order Passed By The Ao U/S.271(1)(C) Of The Income Tax Act 1961, (Hereinafter Referred To As The ‘Act’) Dated 29.06.2009. 2. Assessee Has Raised The Following Grounds Of Appeal:

For Appellant: NoneFor Respondent: Shri Kalyannath, Addl. CIT, Sr. DR
Section 143(2)Section 2(47)Section 271Section 271(1)(c)

section 2(47) of the I.T Act, as the capital remains with the Mutual Fund only. Therefore, the assessee submitted before the Ld. CIT(A) that switching in operations from one mutual fund to another mutual fund does not violate the rules of capital gain and the assessee is not subject to any penalty u/s 271

D.C.I.T CC - V,KOLKATA, KOLKATA vs. SALSAR STOCK BROKING LTD, KOLKATA

In the result, all the appeals filed by the assesses are allowed

ITA 1082/KOL/2013[2009-10]Status: DisposedITAT Kolkata15 Apr 2016AY 2009-10

Bench: : Shri N.V.Vasudevan & Shri M. Balaganesh

For Appellant: Shri K.K. Chhaparia, FCA, ld.ARFor Respondent: Md. Ghayas Uddin Ansari, JCIT, ld. Sr.DR
Section 132(4)Section 153ASection 271ASection 73

47,593/- F&O Income Rs. 1,12,23,048/- Intra day trading income Rs. 79,46,637/- Brokerage income Rs. 19,26,662/- Mutual Fund Trading Rs. 55,94,908/- Other Income (including disclosure) Rs. 4,60,28,734/- -------------------------- Rs. 22,72,396/- After deducting administrative cost of Rs. 3,70,13,193/- , finance charges

KAMALESH BASU,KOLKATA vs. ITO, WD-29(4), KOLKATA, KOLKATA

In the result, the appeal filed by the assessee is allowed

ITA 529/KOL/2014[2006-2007]Status: DisposedITAT Kolkata10 Oct 2018AY 2006-2007

Bench: Shri A. T. Varkey, Jm & Dr. A.L. Saini, Am Kamalesh Basu Vs. Cit(A)-Xvi, Kolkata 29/1/1, Chetla Central Road, Kolkata – 700 027. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aeapb 6771 K (अपीलाथ" /Appellant) (""यथ" / Respondent) ..

For Appellant: Shri Kamalesh Basu, AssesseeFor Respondent: Shri Sallong Yaden, Addl. CIT(Sr. DR)
Section 271(1)(c)

section 2(47) of the Act, because ultimately the capital remains with the mutual fund only. For bona fide belief, we rely of the following judgments: (1)Rajendra vs. ACIT (2O1O) 127 ITD 361 (Chennai) The facts of the above case before the Hon'ble Tribunal were that the assessee received gifts from NRIs. The A.O. to verify the genuineness

NEWAGE VINIMAY PVT. LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 8(2), KOLKATA

In the result, the appeal filed by the assessee is dismissed

ITA 2307/KOL/2025[2015-2016]Status: DisposedITAT Kolkata11 Feb 2026AY 2015-2016

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 143(2)Section 143(3)Section 250Section 271(1)(c)Section 56(2)Section 56(2)(viia)

penalty proceedings u/s 271(1)(c) of the Act. Aggrieved with the assessment order, the assessee ITA No.: 2307/KOL/2025 Assessment Year: 2015-16 Newage Vinimay Pvt. Ltd. filed an appeal before the Ld. CIT(A) who vide order dated 08.08.2025 by holding that he found no merit in the contention of the assessee that allotment of shares did not tantamount